Weekly CA Quiz: July 4th week (24 July – 31 July)

The song has been scripted by renowned lyricist Shri Prasoon Joshi and visualized free for the ministry by Producer Shri Mukesh Bhatt. Shri Shankar Mahadevan provided the music.
Launched in New Delhi, Swachh Survekshan-2018 is third in the series and will rank all the 4,041 cities and towns of the country.

The Union Health Minister J.P.Nadda has announced that government will provide Hepatitis C vaccine free from next year and it would help in tackling the liver related diseases. He said that government is planning to provide Rs 2500 to 3000 crore in the budget for this purpose.

Maharashtra, followed by Delhi and Haryana are the biggest culprits, topping the list in complaints for illegal sex selection clinics under Pre-Conception and Pre-Natal Diagnostic Techniques (PC & PNDT) (Prohibition of Sex Selection) Act, 1994 and Rules.

The 19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee (TNC) meetings and other related meetings were held from 17 to 28 July 2017 in Hyderabad, Telangana.

1076
In Karnataka alone, there were 506 monuments and sites including 242 temples declared protected monuments.

Located in south Switzerland, the steel bridge is 494 metres long and overtakes the “Titan-RT” bridge in Germany as the world’s longest pedestrian suspension bridge.

August 31, 2017
Income Tax returns filing deadline is also extended to August 5 from July 31.

According to figures released by the Controller General of Accounts (CGA), India’s fiscal deficit up to June 2017 touched Rs 4.42 lakh crore or 80.8 per cent of the Budget estimates for 2017-18.

According to Japanese financial services major Nomura, India’s GDP growth is likely to be higher at 6.6% in the June quarter from the previous three months this year even as the pick-up in growth numbers in India has lost some momentum on account of GST

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 30 million on Union Bank of India for non-compliance with the directions issued by the apex bank on Know Your Customer (KYC) norms.

The Punjab government has announced the launch of its flagship ‘Apni Gaddi Apna Rozgar’ scheme by flagging off over 100 uberMOTO bikes. Under the scheme the state government will be providing commercial two wheelers and four wheelers to unemployed youth at subsidised rates.

The Insurance Regulatory and Development Authority has directed ICICI Prudential Life Insurance to take over the life insurance business portfolio of Sahara India Life Insurance from 31st July 2017.

According to report,India exported 1.56 million tonnes of beef last year. India being 3rd on list.

The Outlook report ranked Brazil as the world’s top beef exporter, followed by Australia.

Defence Research and Development Organisation (DRDO) has developed an unmanned, remotely operated tank which has three variants – surveillance, mine detection and reconnaissance in areas with nuclear and bio threats. It is called Muntra.

Pakistan’s former petroleum minister Shahid Khaqan Abbasi will run the government as interim prime minister of Pakistan until Nawaz Sharif’s brother Shahbaz is elected as member of parliament.

Economic Affairs Secretary Subhash Chandra Garg has been appointed as India’s Alternate Governor on the Board of Governors of the Asian Development Bank (ADB).
Garg has been appointed in place of former DEA Secretary Shaktikanta Das.

Ferrari’s Sebastian Vettel has won Hungarian F1 Grand Prix beating Kimi Raikkonen.

Fake currency notes and cross-border fund transfers in the country’s economic channels doubled in the last fiscal year and Rs560 crore in black money recovered in 2015-16

South Korean electronics giant Samsung has surpassed Intel to become the world’s largest maker of computer chips.
Intel had been the world’s leading computer chip company by sales since 1992.

The Women and Child Development ministry has launched an online platform ‘SHe-box’ (sexual harassment electronic box) to enable women employees of the central government to file complaints related to sexual harassment at the workplace.

Of the 70 districts identified with high incidents of child marriage, 17 are in Maharashtra, followed by 13 in Rajasthan.

The government had mandated, that with effect from April 1, 2017, all goods vehicles of category N2 and N3, have to be fitted with an air conditioning system for the cabin. Now the last date for trucks to have air conditioned cabins for drivers, a mandatory norm by the central government, has been extended to December 31, 2017.

The sixth BRICS Trade Union Forum opened in Beijing, China on 24th July to discuss the trade union role in sustainable development.

Former space scientist and Indian Space Research Organisation (ISRO) Chairman Udupi Ramachandra Rao passed away at his residence in Bengaluru. The 85-year-old had served as the organisation’s head from 1984-1994. He had launched India’s first satellite Aryabhatta in 1975.

Singapore-based private equity firm TPG’s senior advisor Ajay Kanwal is slated to join Janalakshmi Financial Services as chief executive from August 1.

Singapore-based private equity firm TPG’s senior advisor Ajay Kanwal is slated to join Janalakshmi Financial Services as chief executive from August 1.

The Income Tax department has detected undisclosed income of around Rs.71,941 crore over the last three years from April 1, 2014 to February 28, 2017, the Centre told the Supreme Court.

IMF

7.2 per cent for 2017. Also, IMF projects a growth rate of 7.7 percent for 2018.

The IMF estimates a global growth rate of 3.5 per cent this year, which is projected to increase to 3.6 per cent in 2018.

World No. 23 HS Prannoy beat fellow Indian Parupalli Kashyap in the final clash at the United States Open Grand Prix Gold in Anaheim to win his third Grand Prix Gold title.

Union Minister for Panchayati Raj, Rural Development, Drinking Water & Sanitation- Shri Narendra Singh Tomar and Deputy Director General (Policy) of International Labour Organization (ILO) Ms. Deborah Greenfield have launched the Mobile App for Road Maintenance “Aarambh”.

The move is expected to affect the fast growing packaged tea business in the country, as FSSAI has deemed the use of stapler pins in tea bag a serious health hazard.

The Madras High Court has made singing of the national song Vande Mataram mandatory in schools across Tamil Nadu, at least twice a week.

Bolivia’s President Evo Morales has declared “total independence” from the International Monetary Fund (IMF) and World Bank, after announcing last year that Bolivia will no longer respond to their demands. Protests in Bolivia have targeted the policies of the agencies that have focused on privatisation and austerity measures to combat corruption in the country.

In a historic first for Indian boxing, the country will host the elite men’s World Championship in 2021 besides conducting the women’s World Championship for the second time next year, the International Boxing Association (AIBA) has announced.

Renowned Indian scientist Professor Yash Pal has passed away. He was awarded the Padma Bhushan in 1976 for his contribution to science and space technology.

Mumbai Metro One has announced the launch of India’s first Mobile Ticketing System ‘OnGo’ which will help commuters pass the AFC gates using their mobile phones.

The Union Home Minister Shri Rajnath Singh chaired the first meeting of the newly constituted Islands Development Agency (IDA), in New Delhi. The IDA was set up on June 01, 2017 following the Prime Minister’s review meeting for the development of islands.

Gandhian and freedom fighter from Kerala K.E. Mammen has passed away.

The Asian Football Confederation (AFC) Competition Committee has announced that Indonesia will be the hosting country of the AFC Under-19 championship in 2018.

Minister of Science & Technology, Earth Sciences and Environment, Forests & Climate Change, Dr. Harshvardhan launched an app Sagar Vani” on the occasion of Foundation Day of Ministry of Earth Sciences in New Delhi.

Prime Minister Narendra Modi inaugurated former President A.P.J. Abdul Kalam’s memorial in Tamil Nadu’s Ramananthapuram district.

The Odisha government has issued a gazette notification renaming Wheeler Island in Bhadrak district as Abdul Kalam Island to mark the second death anniversary of the former President.

Chonqging, China

2017 BRICS Labour & Employment Ministers Meet — Beijing, China

Punjab National Bank and Bajaj Allianz General Insurance have signed a corporate agency agreement for distribution of Bajaj Allianz’s general insurance products through the bank’s network of 7,000 branches.

Canara Bank, which has set an ambitious target of moving to ‘paperless’ futuristic banking, launched its first ‘Digital Banking Branch’ in Bengaluru.

Axis Bank has entered into an agreement with Jasper Infotech Private Limited to acquire 100 per cent stake in its subsidiaries like FreeCharge Payment Technologies Private Limited and Accelyst Solutions Private Limited, which together constitute the digital payments business under the “FreeCharge” brand.

Axis Bank, who is a leader in key payment modes, marks the acquisition as the first in digital payments company by a bank in India.

Veteran freedom fighter and social worker Kubersingh Saklecha has passed away.

Olympics badminton silver medallist P.V. Sindhu has been appointed as Deputy Collector by the Andhra Pradesh government. She is told to join within 30 days.

Union Minister of Science & Technology, Earth Sciences and Environment, Forests & Climate Change, Dr. Harshvardhan launched an app “India Quake” on the occasion of Foundation Day of Ministry of Earth Sciences in New Delhi.

The decision was taken at the second India-Bangladesh Dialogue on Trans-Boundary Conservation of Elephants, attended by wildlife officials from both countries here in Meghalaya.

World Hepatitis Day 2017 theme: “Eliminate Hepatitis”.

Observed on 28 July

State-owned Oil and Natural Gas Corp (ONGCBSE 0.76 %) has won government approval for acquisition of Gujarat State Petroleum Corp’s entire 80 per cent holding in a KG basin gas block for Rs 7,738 crore.

Bill Gates has topped Forbes list of the world’s billionaires for 18 out of the past 23 years,
Top 10 Richest Indians are: Mukesh Ambani, Dilip Shanghvi, Hinduja family, Azim Premji , Pallonji Mistry, Lakshmi Mittal, Godrej family, Shiv Nadar, Kumar Birla, Cyrus Poonawalla

The BRICS Taxation Cooperation Memorandum signed at the fifth Meeting of BRICS Heads of Tax Authorities is the bloc’s first document that elevates taxation cooperation to the institutional level

From now onwards, the WHO and Health Department, Punjab, together will work in sensitising the general public regarding safe injections

Delhi Metro has secured the platinum rating for adherence to green building norms for its 10 residential colonies from the Indian Green Building Council (IGBC).